The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ENAI Trading & Investment Pvt Ltd
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ENAI Trading & Investment Pvt Ltd, part of the promoter group of Relic Technologies Ltd, disclosed the acquisition of 39,384 share warrants (0.76% of total share capital) through a preferential allotment dated April 5, 2025. Before this acquisition, the entity held 3,85,616 equity shares (10.71% of the company). After the allotment, its total holding stands at 4,25,000 shares/warrants, representing 7.49% of the expanded share capital (8.25% including warrants) and 6.90% on a fully diluted basis. The company's equity share capital increased from Rs. 3.6 crore (36 lakh shares) to Rs. 5.15 crore (51.5 lakh shares) due to this preferential issue, which was likely made to multiple allottees. This is a Regulation 29(2) SAST disclosure, meaning the promoter entity is reporting an ongoing acquisition rather than a one-time crossing of a major threshold.
This signals continued promoter group participation in the company's capital raising, though the promoter entity's percentage stake diluted from 10.71% to 7.49% on the expanded base. Retail investors should note the preferential allotment increased total shares by ~43%, which can lead to EPS dilution if not backed by proportionate business growth.